AsiaGM says China luxury vehicle demand slower than expected 8:27 am U.S. ET | June 19, 2013  General Motors, which broke ground on a new Cadillac assembly plant in China today, forecast demand for luxury autos will grow at a slower pace than the total vehicle market this year.... Read More »
Mercedes creates new sales-support unit for ChinaJune 19, 2013 06:01 CET  Mercedes-Benz has set up a new sales-support unit for China and is stepping up the pace of dealer openings in the country as it seeks to catch rival Audi, the best-selling premium brand in the market.... Read More »
Jaguar Land Rover targets 1 million sales in long termJune 19, 2013 06:01 CET  Jaguar Land Rover is targeting global sales of 750,000 units by the end of the decade, with an eventual target of 1 million units, a top executive said Tuesday.... Read More »
Japan eyes reform of auto market as trade talks loom 12:04 pm U.S. ET | June 18, 2013  Japan sees an urgency in overhauling policies that favor domestic industries such as automakers as it seeks to revive the economy and join talks on a Pacific-region trade deal, the government's ambassador to the United States said.... Read More »
Jaguar Land Rover targets 1 million sales in long term 3:39 pm U.S. ET | June 18, 2013  Jaguar Land Rover is targeting global sales of 750,000 units by the end of the decade, with an eventual target of 1 million units, a top executive said today.... Read More »
GM: Labor costs must be cut to save Australia plants 3:34 am U.S. ET | June 18, 2013  GM's Holden unit and its labor unions will begin talks to reduce costs enough to keep its Australian plants viable, a month after Ford said it will stop making cars locally.... Read More »
Daimler-BYD JV says big China dealer group may sell Denza EV brandJune 18, 2013 13:46 CET  Shenzhen BYD Daimler New Technology, a 50-50 JV between Daimler and BYD, may sell its Denza-brand electric cars at Zhongsheng Group Holdings' dealerships, the partnership said.... Read More »
Volvo said to be poised to begin China output at Chengdu plantJune 18, 2013 14:47 CET  Volvo will start building a stretched variant of the S60 at its first China manufacturing plant in Chengdu in the second half of this year, according to a Chinese media report.... Read More »
HANS GREIMEL Honda's little radiation-proof robot does nuke duty 8:58 am U.S. ET | June 17, 2013  In the highly radioactive crucible of Japan's crippled Fukushima nuclear power plant, there are simply some areas too hot and hazardous for humans to venture for cleanup. Now, Honda is parlaying its expertise in robotics into a helping hand.... Read More »
HANS GREIMEL Economic revival boosts foreign car sales in Japan 12:01 am U.S. ET | June 17, 2013  For months, U.S. and European automakers have fretted about the potential boost to Japanese brands' sales in their markets from the tumbling yen, which makes Japanese exports more profitable and increases their allure in overseas markets. But here's the flip side those automakers don't complain about: Import sales in Japan are soaring.... Read More »
Spain's CIE and India's Mahindra agree on deal to create major supplierJune 15, 2013 17:56 CET  Spain's CIE Automotive will buy a majority stake in the combined auto component unit of India's Mahindra Group to create a new company that will become one of the top 25 global suppliers, with annual sales of $3 billion and operations from North America to Asia.... Read More »
Nexteer Automotive launches up to $325 million stock offer 11:54 am U.S. ET | June 14, 2013  Nexteer Automotive, the world's fifth-largest supplier of steering systems, today began launching an initial public stock offering worth up to $325 million in Hong Kong, braving a volatile local stock market and tepid demand for new stock listings here.... Read More »
YANG JIAN Foreign competition leads to new partnerships in China 12:01 am U.S. ET | June 14, 2013  In China, auto JVs are common between global brands and state-owned Chinese companies. Today, however, big state-owned automakers and small private domestic companies also are joining forces to better battle major foreign automakers.... Read More »
VW-brand China sales rise 19% in MayJune 14, 2013 09:35 CET  Sales of Volkswagen's core brand in China rose nearly 19 percent to 197,000 units in May outpacing overall industry sales, which rose just 9 percent. The Lavida sedan and Tiguan compact SUV both helped power demand in the market last month, according to LMC Automotive.... Read More »
YANG JIAN Foreign competition leads to new partnerships in China 12:01 am U.S. ET | June 14, 2013  In China, auto JVs are common between global brands and state-owned Chinese companies. Today, however, big state-owned automakers and small private domestic companies also are joining forces to better battle major foreign automakers.... Read More »
Ford studies new models to drive Lincoln revival 3:48 pm U.S. ET | June 13, 2013  Ford may develop new models for Lincoln in fast-growing vehicle segments as part of the automaker's latest attempt to revive the struggling luxury brand and boost its profits. The company did not specify which vehicle segments it was targeting. But in a presentation to investors on Thursday, Ford showed in a chart that it expects the premium small-car and crossover segments to grow sharply by 2015.... Read More »
Apollo's second offer to buy Cooper creates new global tire giant 11:59 am U.S. ET | June 13, 2013  Apollo Tyres' $2.5 billion offer to buy Cooper Tire & Rubber, announced this week, wasn't the first time the Indian company tried to acquire the American tire producer. Now the combined company promises to be a major player in the world tire business, with numerous connections to automakers.... Read More »
GM denies it will build Chevrolet Cruze at Poland plantJune 13, 2013 12:52 CET  General Motors will start building the Chevrolet Cruze at its Opel plant in Poland, a report said, drawing a denial from GM.... Read More »
India's Apollo Tyres to buy Cooper Tire for $2.5 billion 9:57 am U.S. ET | June 12, 2013  India's Apollo Tyres is buying American tire producer Cooper Tire & Rubber in an all-cash deal valued at $2.5 billion, or about a 40-percent premium over the 30-day average price of Cooper's stock.... Read More »
India's Apollo Tyres to buy Cooper Tire for $2.5 billionJune 12, 2013 15:57 CET  India's Apollo Tyres is buying American tire producer Cooper Tire & Rubber in an all-cash deal valued at $2.5 billion, or about a 40-percent premium over the 30-day average price of Cooper's stock.... Read More »
Volkswagen will recall 26,000 cars in Australia on transmission worriesJune 12, 2013 08:55 CET  Volkswagen will recall almost 26,000 cars in Australia in response to potential problems with its DSG dual-clutch transmission, mirroring recalls already ordered in China, Singapore and Japan.... Read More »
LINDSAY CHAPPELL More dealership employees = more sales? 12:01 am U.S. ET | June 12, 2013  Japanese-brand auto dealerships added 11,894 employees in the United States last year, according to a recent report from the Japan Automobile Manufacturers Association in Washington.... Read More »
GM mulls moving Opel Mokka production to Spain from Korea, report saysJune 11, 2013 09:03 CET  General Motors is considering moving part of the current production of the Opel Mokka to Spain from Korea, a German newspaper reported, citing sources within the U.S. carmaker. Opel said earlier this year that it plans to build the next-generation Mokka in Europe and not in Korea.... Read More »
Renault's China plant approved by environmental agencyJune 11, 2013 14:47 CET  China's environmental protection ministry has approved Renault's application to build an assembly plant together with partner Dongfeng Motor Corp., the ministry confirmed last week. The plant will be situated in the central China city of Wuhan and will produce up to 150,000 vehicles and engines per year.... Read More »
Wei: Jeep's about to hit Great Wall 12:01 am U.S. ET | June 10, 2013  Jeep is the world's best-selling SUV brand, but Chinese billionaire Wei Jianjun says that's going to change. He has set a target for Great Wall Motor Co.'s Haval brand to take over the top spot in three to four years.... Read More »
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Special Report
 Dealer O.C. Welch's big-truck turnaroundAfter Mercury's demise, South Carolina Ford-Lincoln dealer O.C. Welch had to find a way to replace lost revenue. He decided to load up on Super Duty pickups – and sell them online. Mon., June 17» Watch the Video |
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